GM Announces It Will Pay Back Gov’t Loan … With Gov’t Money
GM will be begin paying back the TARP money in December, the company announced this morning. It’s a statement in need of a little … more…
GMAC Loses Billions, May Seek More Federal Aid
You might call GMAC the Zelig of the bailout: It pops up among the banks, the auto companies and the mortgage servicers. That’s … more…
Reports: $7.5 Billion More for GMAC
No suprise here: As part of the government’s ever-growing bailout of the auto industry, GMAC, General Motors’ financing arm, will … more…
The $85 Billion Taxpayer Auto Bailout?
We here at Bailout HQ never pass up an opportunity to add up large numbers. So when we saw Time adding up the auto bailout, we … more…
Bailout for Breakfast: $? Billion More for GMAC
The stress test results yesterday separated the weak banks from the strong. And though it won’t need as big of a capital buffer … more…
Bailout for Breakfast
Good morning! The administration’s $50 billion mortgage modification program is out of the gate, and six major mortgage servicers … more…
March 03, 2010
GMAC Chief Gets $1.2 Million for 45 Days’ Work Bloomberg, March 03, 2010
February 26, 2010
Lawmakers Question GMAC Rescue Binyamin Appelbaum, Washington Post, February 26, 2010
December 17, 2009
Four Big Mortgage Backers Swim in an Ocean of Debt Mary Williams Walsh, New York Times, December 17, 2009
October 20, 2009
At Rescued Banks, Perks Keep Rolling Tomoeh Murakami Tse, Washington Post, October 20, 2009
May 22, 2009
Gov’t Bends Rules As GMAC Gets More Aid Neil Irwin and David Cho, Washington Post, May 22, 2009
December 30, 2008
U.S. Agrees to Stake in GMAC Edmund L. Andrews and Bill Vlasic , New York Times, December 30, 2008
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